Am I reading this right?

mickyduck55

Off topic but :

I agree without the FIT the decision would have been much more difficult to justify... you can buy a lot of electricity for the £ 12K + that my system cost.  As it is the income from my FIT in 10 years has covered the initial cost of install and contributed about 50% towards the cost on my battery install.  Provided it all keeps working the battery install should be covered in the next couple of years.

I have installed a proportional diverter which no longer is any use as it does not work properly in conjunction with the batteries.

So for me and many others a the FIT was great incentive which I am delighted I was in a position to take advantage of.

I have not included any energy saving assumptions re the finances but until I retired I was using very little of my generated power as I was out from 7:30 am until at least 8 pm.  Now I use almost all of it.....

Joyful

Apologies, I could not find this thread. As its a new build I contacted the company that installed the solar panels and they advised that they expected 75%  to go back to the grid. They said I had been given wrong info from the builders who said I could not export excess electricity. Now the only problem is the smart meters must send reads. Although I have a smets 2 meter this is not happening and due to lockdown my appointment was cancelled.

Joyful

Hexane said:

I am guessing that's a very old and relatively small system, I guess 6 x 225W panels to make up the 1.35kW? I would think most installations in the last five years or so have been 4kW. The EPC report recommendations often mention rather less than that for some reason, but some of us have gone for more, my system for example 7.25kW.

Do you know when the system was installed? Would it have been so long ago (or so recent) that it wouldn't have qualified for the Feed In Tariff? If not, is someone still receiving Feed In Tariff payments for what is now your property?

If it's not already happening in some form and there aren't already Feed In Tariff payments, you should probably look into whether your system can get payments under the Smart Export Guarantee.

On a more positive note, with such a small system it should be easier to use more of what it generates, so you could get your usage rate up to 50% for example and you would then be saving £80 a year not £40.

I have 5x 270W panels. I think the builders just ticked a box!